How much is renters insurance in Mesa, CO

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The average cost of renters insurance in Mesa, CO is $188 per year (for insurance coverage of $40,000 in personal property coverage, $300,000 in liability coverage and $1000 as deductible) — that’s $3 less than the state average of $191 a year.

It can be higher or lower depending on the coverage limit you choose and the amount of liability the policy provides. If you live in a rented apartment or home, you should consider buying renters insurance because it protects your personal belongings from damage caused by covered perils such as fire or smoke damage, theft, vandalism and other mishaps.

We did a thorough analysis of renters insurance companies to find the most affordable options for Mesa renters. Keep reading to find out the cheapest renters insurance companies in Mesa.

Key Takeaways

The average cost of renters insurance in Mesa is $188 annually or $16 monthly.
The cheapest option for renters in Mesa is Allstate, offering coverage at $16 per month.
Renters can reduce their insurance costs by taking advantage of discounts, such as discounts for installing a security system or bundling policies.

What is the average cost of renters insurance per month in Mesa?

On average, the cost of renters insurance in Mesa is $16 a month. It’s equals to the state average of $16. Renters in Mesa pay these rates for the coverage limit of $40,000 in personal property coverage, $1,000 deductible and $300,000 in liability protection coverage.

The renters insurance rates vary by city depending on your insurance provider and the coverage limits you choose. For example, renters in Mesa pay $12 per month for personal property coverage of $20,000 and a $1,000 deductible. However, if you decide to increase the personal property coverage limit to $40,000, you will pay $4 more for renters insurance.

Now, you’ll have to decide how much coverage you need and how much you can afford. However, it is recommended that you choose higher coverage limits if your personal belongings consist of expensive jewelry, furniture and electronics.

How much is renters insurance in Mesa by deductible?

Renters insurance in Mesa costs an average of $162 per year for a $500 deductible and $20,000 in personal property coverage.

The deductible is the amount you pay before your insurance coverage applies. By increasing your deductible, you can lower your insurance premium. For instance, raising your deductible from $500 to $1,000 will save you $17 annually.

The table below shows renters insurance premiums for varying personal property coverage and deductible amounts.

Deductible	$20000 personal property	$40000 personal property	$60000 personal property
$500	$162	$214	$263
$1,000	$145	$188	$230

Read our guide to know what does renters insurance cover.

Who offers cheap renters insurance in Mesa?

Your search for affordable renters insurance ends here.

Allstate has the lowest rates in Mesa, with an annual premium of $16 per month. Based on Insure.com data study, Farmers and Chubb Ltd also offer cheap rates.

After evaluating renters insurance quotes from all the national and regional insurance companies in Mesa, the experts at Insure.com put together a list of the most affordable insurance carriers.

Below, you’ll find the average annual and monthly rates for cheap renters insurance companies in Mesa, CO.

Renter insurance provider	Average annual rate	Average per month rate
Allstate	$191	$16
Farmers	$191	$16
Chubb Ltd	$213	$18
State Farm	$218	$18
American Family	$271	$23
USAA	$152	$13

Tips for reducing the cost of renters insurance

Below are some tips to help you save on renters insurance in Mesa:

Bundle policies: If you have other insurance, such as car insurance, bundling it with the same provider can often earn you a discount. Many insurers in Mesa offer savings for bundling policies.

Increase your deductible: Choosing a higher deductible can lower your premium, but ensure you’re prepared to cover the higher out-of-pocket costs if you need to file a claim.

Choose the right coverage amount: Regularly review your renters insurance to avoid paying for more coverage than you need. For example, you might opt for lower personal property coverage if you don’t own high-value items.

Limit small claims: Filing multiple small claims can drive up your rates. If possible, consider paying for minor damages out of pocket to keep your premium low.

Shop around for quotes: Don’t settle for the first offer. Compare renters insurance rates from multiple providers in Mesa to find the best coverage at the lowest price.

Final thoughts

Renters in Mesa, CO should purchase renters insurance to protect their personal belongings, provide liability coverage, and cover additional living expenses if their rental becomes uninhabitable due to a covered event. Premiums may differ based on location, coverage amount and individual circumstances, but the peace of mind it offers is worth the investment. You can get an affordable policy that fits your budget by assessing your coverage needs, comparing quotes and taking advantage of available discounts.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Mesa for $40,000 personal property coverage, $300,000 liability coverage, and a $1000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.